STC

@blobbystc.bsky.social

2289 Followers 9707 Following

build wind farms and solar arrays write bad poetry RT *everything*

Google Q how large is the pension tax benefit to higher rate taxpayers : The annual cost of income tax relief on pension contributions for higher and additional-rate UK taxpayers is estimated at approximately £27 billion to £29 billion, forming the bulk of the overall £42.5 billion total annual income tax relief cost reported by HM Revenue and Customs (HMRC). (H Homecroft Wealth The total estimated proportion of income tax relief
FT headline: Investors expect BoE to slow or stop sales of long-dated bonds
Screenshot of George Eaton saying Starmer gov is most left leaning we’ve ever had with an overlay from Bluesky add in which shows the public school Eaton went to (Berkamstead) and the annual fees (49k)
List of Labour vote totals for elections since 1997. Corbyn in 2019 is the fourth highest in terms of number of votes after Blair (97), Corbyn (2017) and Blair (2001). Starmer received fewer votes than Corbyn in 2019 and Blair in 2005 but more than Miliband in 2015 and Brown in 2010
Arsenal parade route Blackstock Road
FINANCIAL TIMES The political street fighters led by Morgan McSweeney, Keir Starmer's ex-chief of staff, and his Labour Together organisation did a heroic job in reclaiming the party from the hard left. But as the debacle of Peter Mandelson's appointment as US ambassador shows, somewhere along the way their factional zeal lit the fuse on the bombs that are now exploding this government.
Picture of Harry Truman with the buck stops here in text and his signature
Today's Households Below Average Income statistics published by government show 4.5 million children were in poverty in the year to April 2024, an increase of 100,000 from the previous year. This means across the UK 31% of children are living in poverty. Today's statistics also show: • 44% of all children living in poverty are living in a household where someone is disabled • 72% of poor children live in working families • 44% of children in families with 3 or more children are in poverty, far higher than families with 1 child (21%) or 2 children (25%) • Poor families have fallen deeper into poverty. There are 3.1 million children in deep poverty compared to 2.9 million children last year (i.e. with a household income below 50% of after-housing-costs equivalised median income)
including 'gig economy' jobs like food delivery driv9:09Czero dzero hours contracts in industRessuch as hospitality and retail. Dr Kristian Posch, lead author of the study from UCL Security & Crime Science, said: "Concerns about precarious work have been growing in the UK in recent years, which have seen the rise of the 'gig economy' and other forms of what we refer to as non-traditional work. "Though we didn't find an increase in the proportion of precarious workers relative to more stable forms of employment, the fact that 8% of UK workers are increasingly likely to get 'trapped' in precarious work over time should be a matter of concern. "These people don't move on to more secure jobs, as many people who start out in precarious work do as their career progresses. Instead, the chances of them falling into and staying in precarious work only get higher." The report classified UK workers, which includes around 37.2 million jobs (ONS estimate for March 2024), into five groups according to factors such as income, age, and type of work: • Traditional workers (49% of workforce),
During the period 2011 to 2021, funding of youth provision has declined in real terms from £1,058.2m in 2011 to £408.5m in 2021, and the number of youth clubs operating in Local authorities (according to available data) have nearly halved in number between 2011/12 and 2018/19. There is significant spatial variation in the scale of changes in spending and its effects. Over a third (34%) of local authorities reduced their real-terms expenditure on youth provision by more than three quarters between 2011 and 2021. Subsequently youth provision has changed and, specifically:
"This new research adds to the picture of how London's housing crisis is fundamentally reshaping our city. Gentrification is pushing out more and more of the families and workers who keep London running - and risks leaving behind a hollowed-out shell that only the wealthy can call home.
to where they work BME workers have longer journeys For this year's analysis, the TUC has taken a closer look at BME workers. The average commute for BME workers is 1 hour and 9 minutes, compared to 57 minutes for white workers. UK census data shows that BME people are more likely to live in urban centres, especially London. BME workers in the capital twice are also twice as likely as white workers to travel by bus. BME workers have lower average pay and are more likely to work nights. They are therefore more likely to be reliant on night buses. And to save money they may also be more likely to choose long bus journeys instead of faster options.
The think tank says that transport costs are fueling the cost-of-living crisis. New analysis finds that the average UK household spends £87 a week on transport, this rises to £108 if they own a car, but falls to £13 for non-car owners. Even though the poorest travel much less than the richest, they spend twice as much of their income on surface transport - such as trains, buses, cars and bikes - compared to the richest. The poorest fifth of households spend 18 per cent of their income on transport, compared to 11 per cent on average, and 9 per cent for the richest. The researchers of the report say that the high cost of train tickets, poor bus provision and inadequate links to public transport make much of the UK population reliant on owning a car, even when it comes at a great cost. The poorest fifth of households spend an average of 25 per cent of their income on their vehicles, if they own one.
215:20 Cound 10%) but, unlike teachers an 5G C have also seen their pay fall further in the period since 2019, making them the hardest-hit group of the three. 5. Doctors and teachers, as higher-paid public sector workers, have felt the consequences of compression of public sector pay, with pay deals consistently benefiting lower-paid workers more than higher-paid workers both within and across professions. Compared with 2007, the real earnings of a public sector worker at the 75th percentile (i.e. earning more than 75% of public sector workers) had fallen by 8% by 2023, whereas for a lower-paid worker at the 25th percentile, real earnings had risen by 16%.
Key findings 1. Average pay in the public and private sectors has performed very differently since the election in 2019. Real public sector earnings initially grew substantially during the pandemic (whereas private sector earnings fell as many were furloughed). But the ensuing rise in inflation hit public sector pay much harder due to government pay restraint. Overall, between December 2019 and November 2023, inflation-adjusted average private sector pay grew by 2.3%, whereas public sector pay fell by 0.3%. 2. These recent trends come on top of poor earnings performance in both sectors since 2007. Real public sector pay at the end of 2023 was still 1% lower than its level at the beginning of 2007. Real private sector pay increased by 4% from 2007 to 2023. 3. Within the public sector, some high-profile professions (nurses, and particularly teachers and hospital doctors) have seen considerably worse pay growth than the average public sector worker. Indeed,teachers saw large reductions in average real pay from 2010 to 2019 (falling 13%) but have seen stronger pay growth since then (with pay 5% higher in September 2023 than in April 2019 after accounting for the pay deals agreed last summer). Overall, this still leaves average teachers' pay in September 2023 9% lower than in 2010. f
likely effects of these proposals on tax revenues and school 15:14 < •l 5G O spending. Key findings 1. In 2022-23, average private school fees across the UK were £15,200 in today's prices (net of bursaries and scholarships). This is £7,200 or nearly 90% higher than state school spending per pupil, which was £8,000 in 2022-23 (including day-to-day and capital spending). The gap between private school fees and state school spending per pupil has more than doubled since 2010, when the gap was about 40% or £3,500. 2. The share of nunils across the UK in private schools has
measurement of material living standards, particularly when it come 5:10 Cality in lower parts of the incomp d5G Otign. Focusing on the UK, we show that housing costs have increased considerably for lower-income households compared with higher-income households in recent decades, leading to a divergence in poverty and inequality measures based on incomes before and after deducting housing costs (BHC and AHC respectively). These trends can be partly explained by changes in housing tenure and by differences in the evolution of housing costs between the tenures, often driven by institutional factors beyond households' control. Finally, we illustrate how the choice of AHC or BHC income measures has substantial implications for our conception of who is living on a low income, using inequalities by age as a key example. Regional patterns of low income also differ depending on the measure used, though more caution needs to be exercised when interpreting regional incomes after deducting housing costs.